Adopt new digital technologies for sustainable power solutions: Vice President

The government should support manufacturers of electrical and electronics equipment and protect the industry from cheap imports, said Vice President M. Venkaiah Naidu while inaugurating 13th edition of ELECRAMA – the biggest showcase of the world of electricity organised by Indian Electrical and Electronics Manufacturers’ Association (IEEMA) at India Expo Mart in Greater Noida from March 10 to 14.

He adds, “At the same time, industry leaders must embrace digital technologies and come up with futurist solutions to meet India’s growing need for sustainable power.”

Naidu said the industry must align itself with the government’s vision of LPG – liberalisation, privatisation, globalisation – and brace up for global markets.

“With path-breaking economic reforms and annual GDP growth rate of about 7.2 per cent, India is poised to become the third largest economy worldwide in the next 15 years. The electrical, industrial electronics and allied equipment industry must invest in research and development of storage systems so that electricity can reach all households,” he said.

The Vice President appreciated that the industry provides direct employment to five lakh people and indirectly employment to 10 lakh people.

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